Yardi Matrix: Multifamily Outlook Hopeful Amid Volatile Economy

The multifamily market produced exceptional rent growth in the first half of 2022, driven by robust household formation, strong employment growth and households getting frozen out of homeownership, said Yardi Matrix, Santa Barbara, Calif., The sector, however, is at an inflection point as soaring inflation prompts the Federal Reserve to raise interest rates to reduce growth.

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“Lower mortgage rates, combined with signs of more inventory coming to the market, could lead to a rebound in purchase activity.”
–Joel Kan, MBA Associate Vice President of Economic and Industry Forecasting.